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Market reacts to Trump's Iran comments, dollar fluctuates; spot gold up 1% to $5179.67.

CWG Markets | 2026-03-11 13:55

Abstract:On Tuesday, as the market was weighing Trump's conflicting information about Iran, the US dollar index fluctuated, but rose slightly to around the 99 level during the US trading session, ultimately cl

On Tuesday, as the market was weighing Trump's conflicting information about Iran, the US dollar index fluctuated, but rose slightly to around the 99 level during the US trading session, ultimately closing up 0.2% at 98.92; The benchmark 10-year Treasury yield closed at 4.164%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.611%. US President Trump's statement that 'the war may end soon' was like dropping a bombshell, causing oil prices to plummet below $80, leading to a rapid drop in inflation expectations and igniting the upward trend of gold. On Tuesday, spot gold prices rebounded strongly by over 1%, closing at $5179.67 per ounce. The market senses the return of bullish sentiment and begins to focus on the US CPI data. Due to US President Trump's claim that the Middle East war "will soon end", but the US and Israel still launched fierce airstrikes on Iran, crude oil has been shaken. WTI crude oil remained volatile during the Asia Europe session, although it fell slightly during the US session, it quickly regained lost ground and ultimately closed up 1.55% at $86.47 per barrel; Brent crude oil closed up 3.25% at $89.03 per barrel.

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